JAKARTA, July 14 Asia pulse - Indonesian tin miner PT Timah Tbk (IDX:TINS) and South Korea's H&H Global Resource Co Ltd (KSE:041590) will build a tin chemical plant with an annual capacity of 100,000 tons in Bangka district.
"The construction of the plant is designed to increase tin chemical production," PT Timah president director Wahid Usman said on Wednesday.
He said PT Timah had signed a memorandum of understanding with HNH Global Resources on the joint construction of the tin chemical plant.
"We are now waiting for the results of a feasibility study which is expected to be completed in 6 months` time. Afterwards, we will conduct a study on the development of industrial estate and products," he said.
It would take one year to build the plant after the feasibility study had been completed, he said.
"The tin chemical products will be marketed at home and abroad," he said.
Tin chemical is the derivative of tin metal mixed with chemicals to produce plastics, PVC and electronic instruments.
To date, PT Timah has a tin chemical plant in Cilegon, Banten province, with a capacity of 10,000 tons per year.
Currently, Indonesia still imports tin chemical due to low domestic production.
However, Usman did not elaborate on how much the construction of the tin chemical plant in Bangka would cost.
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